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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 28, 2023

Tuesday, November 28, 2023 | 08:39am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.50 percent as published by the Federal Reserve on November 27, 2023.

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE OCTOBER 24, 2023

Tuesday, October 24, 2023 | 09:09am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.50 percent as published by the Federal Reserve on October 23, 2023.

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